TCS leases Hyderabad commercial space for Rs 4.37 crore a month

Tata Consultancy Services (TCS) has leased a commercial building in Hyderabad’s Nanakramguda area for a monthly rent of ₹4.37 crore. The building, Paradigm Rajapushpa, spans around 10.2 lakh square feet (sq ft)and is located in the Business District.

The firm has leased the building with a chargeable area of around 10.2 lakh sq ft at the rate of ₹43 per sq ft. The rent for the space will escalate by 12 per cent after every three years. TCS has paid a deposit of ₹26.2 crore, which is equivalent to a rent for six months.